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|||Contents||
|---|---|---|---|
||||Page|
|Annual
report||||
|Statement offinancial|activities|||
|Balance sheet||||
|Notes to the financial|statements|||
|Report ofthe independent||examiner|15|
|Charitable
Giving|||16|
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||||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Endowment|Funds|Funds|
|||||||Funds|Funds|Funds|2023|2022|
||||||Notes||f;||f.||
|Income and endowments||from:|||||||||
|Donations
and legacies|||||2a|170,461|19,107||189,568|163,590|
|Charitable
activities|||||2b|9,984|2,625||12,609|22,236|
|Trading activities|||||2c|29,306|||29,306|16,697|
|Investments|||||2d|11,050|1,822||12,871|11,094|
|Total income||||||220,801|23,554||244,355|213,617|
|Expenditure
on:|||||||||||
|Raising funds|||||3a|1,064|||1,064|2,570|
|Charitable
activites|||||3b|170,729|23,875||194,603|240,137|
|Other trading
activites|||||3c|22,003|||22,003|20,180|
|Total expenditure||||||193,796|23,875||217,670|262,887|
|Net income||||||27,006|(321)||26,685|(49,270)|
|Transfers between|funds - in|||||17,668|931||18,599|13,634|
|Transfers between|funds - out|||||(17,759)|(840)||(18,599)|(13,634)|
|Other recognised|gains||||||||||
|Gains/(losses)
on revaluation||||of|||||||
|investments|||||Sb|8,844||5,731|14,574|(20,668)|
|Net movement
in|funds|||||35,758|(230)|5,731|41,259|(69,938)|
|Reconciliation
of|funds:||||||||||
|Total funds brought|forward||at||||||||
|1st January 2023||||||155,006|1,765|60,910|217,681|287,620|
|Total funds carried fonvard||||at|||||||
|31stDecember 2023||||||190,764|1,536|66,640|258,940|217,682|
##
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||Notes||||
|Fixed|assets|||||||
||Freehold
land and||buildings|sa||1|1|
||Investments|||5b||102,840|93,997|
||Endowed
investments|||5b||66,640|60,910|
|Total|fixed assets|||||169,482|154,907|
|Current
assets||||||||
||Debtors|||7|14405||7,345|
||Short term deposits||||59,451||56,640|
||Cash at bank||||29,203||777|
|||||||90,059|64,761|
|Current
liabilities||||||||
||Creditors: amounts||falling due within one year|8||(601)|(1,988)|
|Net current assets||||||89,458|62,773|
|Total|assets less|liabilities||||258,940|217,681|
|Funds||||10||||
||Unrestricted|funds||||||
||general||||117,333||125,468|
||designated||||73,430||29,537|
|||||||190,764|155,006|
||Restricted funds|||||1,536|1,765|
||Endowment|funds||||66,640|60,910|
|Total|funds|||||288,949|217,681|
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|2|Analysis ofincome and||endo|wments|||||
|---|---|---|---|---|---|---|---|---|
||||||||Total|Total|
||||||Unrestricted|Restricted|Funds|Funds|
||||||Funds|Funds|2023|2022|
|a|Donations and legacies||||||||
||Planned
giving (excl tax||refunds)||78,683||78,683|77,715|
||Planned
giving (no tax refunds)||||2,918|600|3,518|4,933|
||Coflections at all services||||3,337|2,291|5,628|5,098|
||Collections
at concerts||||336||336|1,341|
||Special appeals &specific donations|||||14,128|14,128|21,840|
||Gift Aid tax recoverable||||23,862|2,088|25,950|27,825|
||Grants||||664||664|6,475|
||Legacies k 'in memoriam'||donations||17,275||17,275|0|
||General donations||||21,281||21,281|3,295|
||Donations
from Church|visitors|||22,106||22,106|15,068|
||||||170,461|19,107|189,568|163,590|
|b|Chari table activites||||||||
||Bosham Youth Group activities|||||2,001|2,001|810|
||Parochial Fees from weddings,|||funerals|9,314||9,314|15,110|
||Other income from weddings,|||funerals|670|624|1,294|6,316|
||||||9,984|2,625|12,609|22,236|
|c|Trading activitt'es||||||||
||Fete, concerts and events||||13,625||13,625|3,000|
||St Nicholas Hall lettings||||9,863||9,863|8,135|
||Magazine
subscriptions||||3,040||3,040|3,154|
||Magazine
advertisement||income||2,537||2,537|2,318|
||Book sales||||242||242|90|
||||||29,306||29,306|16,697|
|d|Investment
income||||||||
||StNicholas flat rental||||5,966||5,966|5,853|
||Interest and investment|income|||5,084|1,822|6,905|5,241|
||||||11,050|1,822|12,871|11,094|
||Total received on all funds||||220,801|23,554|244,355|213,617|
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|3|Analysis ofexpendit|ure|on:|||||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
|||||Unrestricted|Restricted|Funds|Funds|
|||||Funds|Funds|2023|2022|
|a|Raising+nds|||||||
||Stewardship
costs|||81||81|37|
||Bookstall expenses|||614||614|2,533|
||Concerts and event expenses|||369||369|0|
|||||1,064||1,064|2,570|
|b|Charitable
activities|||||||
||Charitable
giving|||12,303|11,202|23,505|22,872|
||Diocesan parish share|||80,400|1,822|82,222|81,912|
||Local mission
and outreach|||1,027||1,027|1,003|
||Vicarage expenses|||6,128||6,128|4,001|
||Church running
expenses|||16,912|600|17,512|14,504|
||Church maintenance|||5,349||5,349|8,1 11|
||Expenses ofservices|||10,487||10,487|10,358|
||Expenses ofweddings,||funeral||624|624|5,694|
||Church enhancements|||4,469|6,106|10,575|11,590|
||Church major repairs|||5,720||5,720|43,591|
||Costs ofchurchyard|and|burial ground|3,100||3,100|18,004|
||Youth work|||301|3,521|3,822|1,834|
||Clergy working
expenses|||4,944||4,944|4,175|
||Administrative
expenses|||18,471||18,471|11,527|
||Bank charges|||1,118||1,118|961|
|||||170,729|23,875|194,603|240,137|
|c|Trading activites|||||||
||St Nicholas Hag running||costs|11,758||11,758|10,043|
||St Nicholas Hall maintenance|||1,662||1,662|4,481|
||Fete expenses|||2,241||2,241|388|
||Parish magazine|||6,343||6,343|5,268|
|||||22,003||22,003|20,180|
||Total resources expended|||193,796|23,875|217,670|262,887|
##
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|Funds|held in reserve are invested
in CBFinvestment
fun|ds
and revalued
at the y|ear end.|
|---|---|---|---|
|||Reserve|Endowment|
|||Funds|Fund|
|Market|value at 1st January 2023|93,997|60,910|
|Gains|on revaluation
at 31stDecember 2023|8,844|5,731|
|Market|value at 31stDecember 2023|102,840|66,640|
|Analysis|ofnet assets by fund|||||||
|---|---|---|---|---|---|---|---|
||||||Total||Total|
|||Unrestricted|Restricted|Endosvment|Funds||Funds|
|||Funds|Funds|Funds|2023||2022|
||||f,||||I,|
|Freehold|land and buildings|I|||||I|
|Investments||37,437|65,403|66,640|169,481||154,906|
|Current|assets|153,926|(63,867)||90,059||64,761|
|Current|liabilities|(601)|0||(601)||(1,988)|
|||190,764|1,536|66,640|258,939||217,680|
|Debtors|||||2023||2022|
|Income|tax recoverable|||||884|4,784|
|Other debtors||||||521||
|Grants re 2022 expenditure|||||||611|
|Prepayments|||||||1,950|
||||||1,405||7,345|
##
|||NOTES TO THE FINANCIAL STAT|EMENTS|||
|---|---|---|---|---|---|
|8|Creditors: amounts|falling due within one year|2023||2022|
||Deferred income|||601|550|
||Accruals for utilities||||393|
||Other creditors||||1,046|
|||||601|1,988|
##
|Comparatives
for|the sta|te|ment offi|nancial activit|ies|||
|---|---|---|---|---|---|---|---|
||||||||Total|
|||||Unrestricted|Restricted|Endowment|Funds|
|||||Funds|Funds|Funds|2022|
|Income and endowments||from:||||||
|Donations
and legacies||||130,666|32,924||163,590|
|Charitable
activities||||15,785|6,451||22,236|
|Trading activities||||16,082|615||16,697|
|Investments||||8,587|2,507||11,094|
|Total income||||171,120|42,496||213,617|
|Expenditure
on:||||||||
|Raising funds||||2,570|||2,570|
|Charitable
activites||||183,513|56,624||240,137|
|Other trading activites||||20,180|||20,180|
|Other||||||||
|Total expenditure||||206,263|56,624||262,887|
|Net income||||(35,143)|(14,128)||(49,270)|
|Other recognised|gains|||||||
|Gains/(losses)
on revaluation|||of|||||
|investments||||(12,541)||(8,127)|(20,668)|
|Transfers between|funds|||13,334|300||13,634|
|||||(13,469)|(165)||(13,634)|
|Net movement
in|funds|||(47,819)|(13,993)|(8,127|(69,938)|
|Reconciliation
of|funds;|||||||
|Total funds brought|forward||at 1st|||||
|January 2022||||202,823|15,758|69,039|287,620|
|Total funds carried forward at 31st||||||||
|December 2022||||155,004|1,765|60,912|217,682|
##
##
|||||||||r|5||Bal c/fwd|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||Bal|b/fwd||||gains||8c|31 Dec|
||||1 J|2023|I||E~dtw||||2023|
|Unrestricted fund||||||||||||
|General fund||||125,468||164,595|166,850)||(5,880)||117,333|
|Designated funds||||||||||||
|Fabric fund||||2,021||22,751|(6,333)||||18,439|
|Enhancement|Fund|||(0)||||||||
|Vicarage fund||||500||500|(1,913)|||913|0|
|Legacy fund||||23,869||32,275|(4,279)||||51,865|
|Hospitality
fund||||5|||(169)|||164|0|
|Pastoral fund||||107|||(58)|||424|473|
|Outreach
fund|||||||||1,500||1,500|
|Flower fund||||1,431||680|(343)||(768)||1,000|
|Donation
fund||||1,605|||(13,850||12,400||155|
|||||29,539||56,206|(26,946)||14,633||73,432|
|Unrestricted|&designated funds|||155,007||220,801|(193,796)||8,753||190,765|
|Restricted funds||||||||||||
|Fabric fund||||0||600|(600)||||0|
|Enhancement|fund|||0||6,250|(6,106)||||144|
|Pastoral fund||||661||3,330|(2,624)||(840)||527|
|Flower fund||||0||624|(624)||||0|
|Cole Endowment||income||0||1,822|(1,822)||||0|
|Youth activity|fund|||239||2,351|(3,521)|||931|0|
|Donation
fund||||(0)||8,578|(8,578)||||(0)|
|Mary Rochford Wade Trust||||865|||||||865|
|||||1,765||23,554|23,875|||91|1,536|
|Endowment funds||||||||||||
|Cole Endowment||fund||60,910|||||5,731||66,640|
|Totalfunds||||217,682||244,355|(217,670)||14,574||258,941|
##
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